Browsing:Bitcoin ETFs

Hong Kong is poised to approve spot bitcoin and ether exchange-traded funds (ETFs) as soon as next week
1 month ago 1 min read

Hong Kong may soon approve major bitcoin and ether ETFs, reports suggest

Hong Kong is poised to approve spot Bitcoin and Ether exchange-traded funds (ETFs) as soon as next week, with HashKey anticipated to be among the initial recipients of approval. The company recently enhanced its license with the Securities and Futures Commission (SFC), granting it the authority to oversee digital asset products for retail investors. HashKey has formed a partnership with Bosera International to promote the development and expansion of specific industries, facilitating the introduction of these groundbreaking spot ETFs. The overseas division of Harvest Fund Management is also being considered for approval. These approvals may indicate a noteworthy change in

withdrawals from Grayscale's Bitcoin ETF (GBTC) have exceeded $5 billion since January 11
4 months ago 1 min read

The US Bitcoin ETFs experience net inflows of only $1.8 billion

According to digital asset management firm CoinShares, withdrawals from Grayscale’s Bitcoin ETF (GBTC) have exceeded $5 billion since January 11, outpacing inflows into other funds. While the pace of daily redemptions has slowed over the last week, indicating a slowdown in sales, GBTC’s net outflows stand at $2.2 billion, while U.S. bitcoin ETFs saw net inflows of only $1.8 billion. According to CoinShares’ Chief of Research, James Butterfill, the slowdown in daily redemptions indicates a downward trend in GBTC outflows. Notably, Coinbase Prime received $289 million in bitcoin from Grayscale on Monday, a significant reduction from the previous week’s average

Thailand's SEC has declined to approve the trading of spot Bitcoin ETFs
4 months ago 1 min read

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

Thailand‘s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products. The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock. On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country. Despite the US approving 11 companies to launch Bitcoin ETFs, Thai authorities point to a lack of appropriate policies to facilitate such offerings domestically. While the United States has made significant progress in approving Bitcoin ETFs, Thailand’s

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus